Helen Of Troy Ltd - HELE STOCK NEWS

Helen of Troy Limited (NASDAQ: HELE) reported net sales of $475.2 million for Q2 FY2022, a 10.5% decline from FY2021, primarily driven by a 33.1% drop in Health & Home segment sales due to EPA compliance issues. However, the company raised its FY2022 diluted EPS outlook to $7.88-$8.31, reflecting confidence in its performance despite challenges. Core diluted EPS decreased 29.7% to $2.65, while adjusted diluted EPS was set between $11.26-$11.56. Overall, the firm is navigating inflationary pressures and regulatory impacts as it adapts its operations.

Helen of Troy Limited (NASDAQ: HELE) will hold a conference call on October 7, 2021, at 9:00 a.m. Eastern Time to discuss its second quarter fiscal year 2022 results. A press release detailing these results will be issued before the market opens on the same day. The call features CEO Julien R. Mininberg and CFO Brian Grass, among others. Interested parties can join via phone or through a live webcast. A replay will be available post-call until October 14, 2021.

Helen of Troy Limited (NASDAQ: HELE) has authorized a $500 million share repurchase program, reflecting its commitment to return capital to shareholders. This move replaces an existing authorization with approximately $79.5 million remaining. The program is effective August 25, 2021, and may run for three years, targeting around 9% of the company’s shares. CEO Julien R. Mininberg emphasized the importance of balanced capital allocation for long-term shareholder value.

On August 24, 2021, OXO, a consumer brand under Helen of Troy Limited (NASDAQ: HELE), announced the launch of its 'Chefs in Residence' program. This initiative features renowned chefs Eden Grinshpan, Rick Martinez, and Kwame Onwuachi, who will share exclusive content, recipes, and cooking tips through OXO's platforms starting September 2021. The program aims to inspire home cooks by leveraging the chefs' diverse culinary backgrounds and enhance OXO's brand presence, further reinforcing its commitment to quality and innovation in kitchen tools.

On July 13, 2021, Hydro Flask, a brand under Helen of Troy Limited (NASDAQ: HELE), announced the launch of its 2021 #RefillForGood campaign aimed at reducing single-use plastic waste. This initiative includes a limited edition water bottle, with $100,000 of proceeds benefiting the Surfrider Foundation. The campaign encourages consumers to adopt reusable alternatives and supports environmental efforts through partnerships with pro athletes and advocates. Hydro Flask's commitment aligns with its goal of inspiring sustainable practices to protect oceans and green spaces.

Helen of Troy Limited (NASDAQ:HELE) reported a robust 28.6% increase in consolidated net sales revenue to $541.2 million for Q1 FY2022, driven by strong performance in Beauty and Housewares. Adjusted EPS rose 37.5% to $3.48, despite a $13.1 million charge for EPA compliance costs. Operating income stood at $64.8 million, reflecting 12.0% of net sales. The company anticipates a revenue decline of 5.5% to 8.0% for FY2022 due to the EPA matter, with projected consolidated diluted EPS of $6.80 to $7.49. Helen of Troy remains focused on long-term strategic growth amid inflationary pressures.

Helen of Troy Limited (NASDAQ: HELE) will host a conference call on July 8, 2021, at 9:00 a.m. Eastern Time to discuss its first quarter fiscal year 2022 results. Prior to the call, a press release detailing these results will be issued before market open. The call will feature CEO Julien R. Mininberg and CFO Brian Grass. Interested analysts can participate by dialing (877) 407-3982. A webcast will also be available on the company’s investor relations page.

Helen of Troy Limited (NASDAQ: HELE) has sold its mass market Personal Care business, excluding Latin America and the Caribbean, to HRB Brands LLC for $44.7 million. This deal allows HRB Brands the option to purchase the Latin America and Caribbean segments by the end of fiscal year 2022. The proceeds will be used to enhance shareholder value through debt reduction, strategic acquisitions, or share repurchases. CEO Julien R. Mininberg emphasized this move aligns with their focus on eight Leadership Brands, which represent over 80% of sales in fiscal year 2021.

Hydro Flask, a brand under Helen of Troy Limited (NASDAQ: HELE), announces a $100,000 sponsorship for the Girl Scouts of the USA (GSUSA) to support the Girl Scouts Love the Outdoors Challenge. This initiative aims to encourage over 25,000 girls to engage in outdoor activities this summer. Additionally, Hydro Flask will provide over $265,000 in reusable insulated products to GSUSA. The program promotes environmental awareness and outdoor leadership among girls, aligning with Hydro Flask's commitment to increasing access to public lands.